Berenberg Bank Initiates Coverage on GKN plc (GKN)
Equities researchers at Berenberg Bank assumed coverage on shares of GKN plc (LON:GKN) in a research report issued on Tuesday. The firm set a “buy” rating and a GBX 440 ($7.47) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 18.98% from the stock’s previous close.
GKN plc (LON:GKN) traded up 0.03% on Tuesday, hitting GBX 369.80. 4,462,667 shares of the company’s stock traded hands. GKN plc has a one year low of GBX 282.10 and a one year high of GBX 468.00. The stock’s 50-day moving average is GBX 382.7 and its 200-day moving average is GBX 386.0. The company’s market cap is £6.058 billion.
A number of other analysts have also recently weighed in on GKN. Analysts at Credit Suisse reiterated an “outperform” rating on shares of GKN plc in a research note on Monday. They now have a GBX 450 ($7.64) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of GKN plc in a research note on Thursday, June 12th. They now have a GBX 500 ($8.49) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research initiated coverage on shares of GKN plc in a research note on Thursday, June 12th. They set a “buy” rating and a GBX 450 ($7.64) price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. GKN plc currently has an average rating of “Buy” and a consensus price target of GBX 413.50 ($7.02).
GKN PLC is a holding company. The Company operates in global automotive, aerospace and land systems markets (LON:GKN).
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